Original article by Roy Morgan
Market Research Update – Page: Online : 20-Oct-21

ANZ-Roy Morgan Consumer Confidence rose 1.4pts to 107.0 on 16/17 October. However, Consumer Confidence remains below the 2021 weekly average of 108.3, although it is now 8.9 points higher than the same week a year ago (98.1). Consumer Confidence was up in Sydney following the end of the city’s 106-day lockdown; it also increased in Melbourne with the news that the lockdown would soon be ending and in Brisbane after that city avoided a lockdown despite concerns about a handful of cases. Now 27% (unchanged) of Australians say their families are ‘better off’ financially than this time last year, while 26% (also unchanged) say their families are ‘worse off’ financially. In addition, 38% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 14% (unchanged) expect to be ‘worse off’ financially. Some 19% (up 2ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 20% (down 3ppts) expect ‘bad times’. Meanwhile, 37% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 30% (also unchanged) say now is a ‘bad time to buy’.

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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ